NYSE:GVA

Granite Construction Stock Forecast, Price & News

$40.04
+0.25 (+0.63 %)
(As of 06/24/2021 09:41 AM ET)
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Today's Range
$40.04
$40.50
50-Day Range
$37.82
$41.71
52-Week Range
$16.51
$42.42
Volume623 shs
Average Volume390,202 shs
Market Capitalization$1.83 billion
P/E RatioN/A
Dividend Yield1.32%
Beta1.54
30 days | 90 days | 365 days | Advanced Chart
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Granite Construction logo

About Granite Construction

Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. The company operates through Transportation, Water, Specialty, and Materials segments. The Transportation segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, and marine ports. The Water segment focuses on water-related construction and water management solutions, as well as provides trenchless cured-in-place pipe and storm water rehabilitation services. The Specialty segment constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, and power projects; and undertakes bid-build, design-build, and construction management/general contractor contracts. The Materials segment focuses on production of aggregates, asphalt, and construction related materials, as well as sanitary and storm water rehabilitation products, such as cured-in-place pipe felt and fiberglass-based lining tubes. The company also engages in the construction of streets, highways, mass transit facilities, trenchless and underground utilities, well drilling, dams, and other infrastructure-related projects. In addition, it performs site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services. The company serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. Granite Construction Incorporated was founded in 1922 and is headquartered in Watsonville, California.

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Industry, Sector and Symbol

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MarketRank

Overall MarketRank

1.91 out of 5 stars

Construction Sector

34th out of 210 stocks

Heavy Construction, Except Building Construction - Contractors Industry

3rd out of 16 stocks

Analyst Opinion: 3.5Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Granite Construction (NYSE:GVA) Frequently Asked Questions

Is Granite Construction a buy right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Granite Construction stock.
View analyst ratings for Granite Construction
or view top-rated stocks.

What stocks does MarketBeat like better than Granite Construction?

Wall Street analysts have given Granite Construction a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Granite Construction wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Granite Construction's next earnings date?

Granite Construction is scheduled to release its next quarterly earnings announcement on Thursday, February 24th 2022.
View our earnings forecast for Granite Construction
.

How were Granite Construction's earnings last quarter?

Granite Construction Incorporated (NYSE:GVA) posted its quarterly earnings data on Tuesday, March, 30th. The construction company reported $0.41 earnings per share (EPS) for the quarter. The construction company had revenue of $945.57 million for the quarter. Granite Construction had a negative net margin of 4.06% and a positive trailing twelve-month return on equity of 5.83%.
View Granite Construction's earnings history
.

How has Granite Construction's stock price been impacted by COVID-19?

Granite Construction's stock was trading at $14.94 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, GVA shares have increased by 166.3% and is now trading at $39.79.
View which stocks have been most impacted by COVID-19
.

How often does Granite Construction pay dividends? What is the dividend yield for Granite Construction?

Granite Construction announced a quarterly dividend on Tuesday, June 1st. Shareholders of record on Wednesday, June 30th will be given a dividend of $0.13 per share on Thursday, July 15th. This represents a $0.52 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Tuesday, June 29th.
View Granite Construction's dividend history
.

Is Granite Construction a good dividend stock?

Granite Construction pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.32%. Granite Construction does not yet have a strong track record of dividend growth. The dividend payout ratio of Granite Construction is 40.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Granite Construction will have a dividend payout ratio of 29.89% next year. This indicates that Granite Construction will be able to sustain or increase its dividend.
View Granite Construction's dividend history.

What price target have analysts set for GVA?

1 analysts have issued 12-month price targets for Granite Construction's stock. Their forecasts range from $55.00 to $55.00. On average, they anticipate Granite Construction's share price to reach $55.00 in the next year. This suggests a possible upside of 38.2% from the stock's current price.
View analysts' price targets for Granite Construction
or view top-rated stocks among Wall Street analysts.

Who are Granite Construction's key executives?

Granite Construction's management team includes the following people:
  • Mr. Kyle T. Larkin, Pres, CEO & Director (Age 49, Pay $644.53k)
  • Mr. James A. Radich, Exec. VP & COO (Age 62, Pay $4.86M)
  • Mr. James Hildebrand Roberts, Chief Exec. Officer Emeritus (Age 64, Pay $1M)
  • Ms. Jigisha Desai, Exec. VP & Chief Strategy Officer (Age 54, Pay $563.4k)
  • Mr. James D. Richards, Sr. VP & Group Mang. (Age 57, Pay $701.5k)
  • Mr. Michael G. Tatusko, Sr. VP & Group Mang. (Age 56, Pay $546.63k)
  • Ms. Elizabeth Lisa Curtis, Exec. VP & CFO (Age 54)
  • Mr. M. Craig Hall, Sr. VP, Gen. Counsel, Corp. Compliance Officer & Sec.
  • Ms. Erin Kuhlman, VP of Marketing & Communications
  • Mr. Tim Gruber, Sr. VP of HR

What is Kyle T. Larkin's approval rating as Granite Construction's CEO?

4 employees have rated Granite Construction CEO Kyle T. Larkin on Glassdoor.com. Kyle T. Larkin has an approval rating of 100% among Granite Construction's employees. This puts Kyle T. Larkin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Granite Construction's key competitors?

What other stocks do shareholders of Granite Construction own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Construction investors own include U.S. Silica (SLCA), Alibaba Group (BABA), Enterprise Products Partners (EPD), AT&T (T), Applied Materials (AMAT), JD.com (JD), NVIDIA (NVDA), Ford Motor (F), The Hain Celestial Group (HAIN) and Carnival Co. & (CCL).

What is Granite Construction's stock symbol?

Granite Construction trades on the New York Stock Exchange (NYSE) under the ticker symbol "GVA."

Who are Granite Construction's major shareholders?

Granite Construction's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (16.41%), Dimensional Fund Advisors LP (5.42%), Bank of New York Mellon Corp (2.80%), Franklin Resources Inc. (2.62%), Investment Counselors of Maryland LLC (2.04%) and Amundi Asset Management US Inc. (1.98%). Company insiders that own Granite Construction stock include Claes Bjork, David H Kelsey, Desai Jigisha, James Hildebrand Roberts, Kristen O Jesulaitis, Kyle T Larkin and Patricia D Galloway.
View institutional ownership trends for Granite Construction
.

Which institutional investors are selling Granite Construction stock?

GVA stock was sold by a variety of institutional investors in the last quarter, including Wynnefield Capital Inc., Bank of New York Mellon Corp, Northern Trust Corp, Rock Point Advisors LLC, Credit Suisse AG, Bank of Montreal Can, Royal Bank of Canada, and Aigen Investment Management LP.
View insider buying and selling activity for Granite Construction
or view top insider-selling stocks.

Which institutional investors are buying Granite Construction stock?

GVA stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Heartland Advisors Inc., JPMorgan Chase & Co., Mirae Asset Global Investments Co. Ltd., State of New Jersey Common Pension Fund D, Dimensional Fund Advisors LP, Geode Capital Management LLC, and Wexford Capital LP. Company insiders that have bought Granite Construction stock in the last two years include Claes Bjork, David H Kelsey, Desai Jigisha, James Hildebrand Roberts, Kristen O Jesulaitis, Kyle T Larkin, and Patricia D Galloway.
View insider buying and selling activity for Granite Construction
or or view top insider-buying stocks.

How do I buy shares of Granite Construction?

Shares of GVA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Granite Construction's stock price today?

One share of GVA stock can currently be purchased for approximately $39.79.

How much money does Granite Construction make?

Granite Construction has a market capitalization of $1.82 billion and generates $3.56 billion in revenue each year. The construction company earns $-145,120,000.00 in net income (profit) each year or $1.30 on an earnings per share basis.

How many employees does Granite Construction have?

Granite Construction employs 2,800 workers across the globe.

What is Granite Construction's official website?

The official website for Granite Construction is www.graniteconstruction.com.

Where are Granite Construction's headquarters?

Granite Construction is headquartered at 585 WEST BEACH ST, WATSONVILLE CA, 95076.

How can I contact Granite Construction?

Granite Construction's mailing address is 585 WEST BEACH ST, WATSONVILLE CA, 95076. The construction company can be reached via phone at 831-724-1011 or via email at [email protected]


This page was last updated on 6/24/2021 by MarketBeat.com Staff
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